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Treasury Secretary Timothy Geithner needs to speak with state legislators, governors, and attorneys general when seeking information on insurance policy debates, the National Conference of Insurance Legislators advised him.

Munich Re said it has issued a EUR50 million (U.S. $70 million) catastrophe bond to transfer European winter storm and Turkish earthquake risks to the capital markets.

Bermuda-based Torus Insurance Holdings Ltd., said Torus Specialty Insurance Inc., its U.S. entity, now has authority to write surplus lines in 42 states.

With IPC Holdings shareholders preparing to vote Friday on a merger with Max Capital, rival bidder Validus Holdings yesterday increased its offer again.

Insurance fraud always garners the headlines, but when someone associated with the industry becomes involved in illegal behavior, it makes everyone stand up and take notice.

Five insurance trade groups from the property-casualty and life and health insurance businesses said they will meet next month in Washington to discuss health insurance reform concerns and lobby lawmakers.

Target classes are limited to E&S lines property.

The Obama administration will propose putting large insurance companies under control of a federal financial system risk regulator and probably a U.S. insurance regulator as well, according to a draft document.